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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
A tube with a photosensitive cathode that emits electrons when lighted and an anode for collecting the produced electrons is known as a photoelectric cell, also known as an electric eye, photocell, or phototube.
A photoelectric cell is an electronic device that is sensitive to incident radiation, notably visible light, and is used to generate or control an output of electric current. It is also sometimes referred to as a phototube, electron tube, or electric eye.
Solar panels are used to produce electricity via the photoelectric effect phenomena. When light strikes the metal in the solar panel, it releases energy that aids in producing power.
When light shines on certain materials (usually metals), the photoelectric effect causes electrons to be ejected or released from their surfaces. We can clearly understand the quantum nature of light and electrons thanks to the concept of the photoelectric effect.
The global photoelectric cell market accounted for $XX Billion in 2024 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Solar cells that convert sunlight with record-breaking efficiency are a long-standing research and development focus for the US National Renewable Energy Laboratory (NREL).
However, photovoltaics may also harvest energy from other types of light sources outside the sun. Thermophotovoltaics (TPVs) are cells designed to capture such light, which is typically emitted by heated objects at longer, lower-energy wavelengths.
The previous, 32% world-record efficiency for TPVs has been substantially surpassed by a brand-new solar cell created by NREL. The device, created for a joint demonstration of an electric energy storage concept with the Massachusetts Institute of Technology (MIT), is detailed in Nature.
The 2,400°C energy harvesting system, which set the record for efficiency, has a maximum efficiency of 41.1% and an average efficiency of 36.2% across a range of pertinent temperatures.
Notably, TPV technology with 40% efficiency can convert heat to electricity more effectively than traditional steam turbines, like those found in coal or nuclear power plants.
Due to their reduced number of moving components, TPVs have the potential to be less expensive, have quicker response times, be compatible with a very wide variety of system sizes (from watts to gigawatts), and be less complicated to maintain.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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